Main result headlines tweeted out already (be sure to follow @ForexLive), here’s the rest of the data:
GDP SA (seasonally adjusted) q/q for Q2 (Preliminary), -1.7% q/q
- expected -1.8% q/q, prior was 1.5%, revised from 1.6%
GDP Annualized SA q/q for Q2 (Preliminary), -6.8%
- expected -7.0%, prior was 6.1%, revised from 6.7%
GDP Nominal SA -0.1% q/q Q2 (Preliminary),
- expected flat at 0.0%, prior was 1.6%, revised from 1.4%
GDP Deflator y/y Q2 (Preliminary), + 2.0%
- expected 1.6%, prior was -0.1%
GDP Consumer Spending -5.2% q/q Q2 (Preliminary),
- expected -3.7%, prior was +2.1%, revised from 2.2%
GDP Business Spending -2.5% q/q Q2 (Preliminary),
- expected -3.0%, prior was 7.7%, revised from 7.6%
More:
- Q2 Capex -2.5% (-3.1% expected)
–
USD/JPY pretty much unchanged. It had a small wiggle.
- Sharp drop in consumer demand, but Capex not as bad as expected
Market very dissatisfied that the number isn’t awful enough to prompt more BOJ easing straight away